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CEX, wallets, and on-chain Perp launch gold and US stock trading.
This isn't a regression for the industry, but a **huge leap forward**!
Yesterday, my mom asked me: Is it still okay to buy gold?
I suddenly realized that if she's determined to buy, what options do she have:
1/ OTC ETFs (like Alipay): Management fees, at least a one-day confirmation and redemption period, and not available for immediate trading.
2/ Exchange-traded ETFs: Good everywhere, but a bit complicated for complete financial novices.
3/ Physical gold from offline gold shops and banks: Price differences, large slippage, Shuibei is slightly better.
4/ Online shady platforms, like JWRui, which could disappear at any time. But if she goes through Crypto, she only needs to:
1) Open an account
2) Deposit funds
3) Buy. The operational difficulty is **no different** from shady platforms like JWRui, but it offers better security, more convenient trading, 24/7 trading, and global circulation.
If this is the case for an asset with a well-developed market and relatively convenient trading, then what about silver, US stocks, or even Japanese and emerging market stocks? The potential is even greater.
For CEXs and similar projects, enabling a novice user (especially in financially regulated regions) to buy gold and other global assets within 5 minutes is **the only product logic**.
For example, why can Guotou Silver maintain a 50% premium for many years and still have buyers? Because there is no other choice 😅 Offline physical silver processing fees are also 10%+, and ordinary people simply do not have a low-cost channel to acquire silver.
Now you can: download Battle.net or Bitget, and buy silver without any premium in five minutes.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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